Net-a-Porter founder resigns ahead of merger | RetailDetail

Net-a-Porter founder resigns ahead of merger

Net-a-Porter founder resigns ahead of merger

Net-a-Porter's founder, Natalie Massenet, has decided to leave the online retailer, a surprising move as her company is ready to merge with Italian Yoox.

New opportunities

Massenet founded Net-a-Porter 15 years ago, but now claims she is ready for new ideas and opportunities despite the fact she was supposed to lead the newly formed company's board of directors following the merger between Net-a-Porter and Yoox.

She has now decided to sell her shares, worth 136 million euro, after claiming in July she was not planning to leave the company.

The Yoox and Net-a-Porter merger was announced in March and should be finalized by the end of the month. Federico Marchetti, founder of Italian Yoox, will become the CEO and the merger company will become the largest online retailer for luxury products in the world.

Questions or comments? Please feel free to contact the editors


Microsoft builds competitor for Amazon Go

14/06/2018

Microsoft is working on its own technology that should render checkouts in stores obsolete. The American company says it wants to be an ally for the retail sector, mostly in its struggle against Amazon Go.

Amazon bans customers who return too much

24/05/2018

Amazon is putting a stop to customers that return too many items or that “misbehave” according to the retailer: whoever crosses the line, will be banned. Dozens of customers have taken to social media to complain about this unilateral account removal.

LVMH invests millions in fashion search engine Lyst

24/05/2018

French luxury group LVMH, led by Bernard Arnault, will invest millions of dollars in Lyst once again. The luxury fashion search engine wants to expand its global expansion this way.

Amazon now delivers packages to car trunks

25/04/2018

From now on, Amazon delivers orders to the trunk of your car. The retail and technology giant has given its Prime subscribers access to get packaged delivered to the trunk of their car, without any additional costs. The service is currently limited to the United States.

Dutch Beate Uhse division not bankrupt after all

05/04/2018

German Beate Uhse’s Dutch subsidiary has not gone bankrupt after all and will continue its activities in both Belgium and the Netherlands. The company revealed the information itself after bankruptcy rumours surfaced.

Amazon often cheaper than Dutch competitors

03/04/2018

Products that are available on both Dutch web shops and Amazon.de, are cheaper at Amazon in about half the cases. Not only do Dutch stores compete with Amazon.de, which ships to the Netherlands, but there are also rumours that Amazon.nl and Amazon.be will soon become more active.